AMTD adding The Art Newspaper to its global media portfolio after L'Officiel - AMTD Digital (NYSE:HKD), A
AMTD Group Inc. ("AMTD Group"), alongside with AMTD IDEA Group AMTDHKB)) ("AMTD IDEA") and AMTD Digital Inc. HKD ("AMTD Digital"), together as "AMTD", announced that an agreement to acquire The Art Newspaper globally was executed. Closing will be subject to customary conditions.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230608005456/en/
(Photo: Business Wire)
AMTD announced this acquisition as part of the commitment to step up its overall presence in France, including a plan to move the headquarters of The Art Newspaper to Paris. As part of AMTD's overall initiatives and strategic roadmap, Dr Andrew Stephen Yuen Wei-man, (Chevalier dans l'Ordre de la Lgion d'honneur, Chairman emeritus of the Le French May cultural festival, government appointed board member of the Hong Kong Palace Museum, co-Chairman of the Hong Kong Cancer Fund and Vice-President of the Society of the Academy for Performing Arts), has been appointed to the board of directors of AMTD Digital Media and Entertainment Group, a subsidiary of AMTD Digital, to support and guide AMTD's ongoing work and contributions to promote French culture and its linkage with Hong Kong and across Asia.